Irish Bank Risk Eases with First Subordinated Bond Since 2008

HOW DOES THIS BOND COMPARE WITH BOI CHIF IN 2010 WHICH SUBSEQUENTLY HAD TO BE BOUGHT OUT WITH WHOPPING LOSSES FOR INVESTORS. HOW DOES THE INSURABLE COST OF THIS BOND COMPARE WITH THE 2010 CHIF??

9:35 am December 14, 2012

Ben Edwards wrote:

According to where five-year CDS on Bank of Ireland's tier 2 debt was trading in Nov/Dec 2010 It would have cost around $2 million a year to insure $10 million of its debt.. according to where five-year CDS is trading now, it would cost around $700,000 to insure $10 million of its debt, roughly what it cost in September 2010

10:50 am February 3, 2013

neil buckley wrote:

If j mcarthy is still interested in the fate of CHIF bondholders can he post another comment on what he may know in relation to the launch of the CHIF May/June 2010 and what it cost to insure the CHIF at that time

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